I would think their loan documents give them the right to control the property after the original owner dies - regardless of who is living there (although I have no direct knowledge of the laws where you live).There are details we don't know here... like if you want the house for sentimental reasons, or because you see the value between what it's worth on the market today and what the reverse mortgage company wants for it?  

@Grant Shipman Great stuff, I'm a big fan of co-living/rent by room strategy, and I do it here locally in Denver metro, and it is the best strategy in today's market for any house hacker to live for free or make money while living there, but they have to sacrifice personal space.

Why do people who say the only people doing well today are the people who bought long ago (10+ years)?  

If you want to grow aggressively then having the extra cash available to you today is more important.

I bought a brand new in the box $285 microwave off Facebook marketplace today for $35.  

@Jorge Newbery I believe they are having a conference call today about this site.

I am biased but I see property insurance going up higher and higher annually from today's rates.

That would at least give you the context as well around what our reps mean by "markets".I see that you sent in the question Wednesday evening this week so I'll check if that rep was our yesterday and will also have them follow up today. 

Hiring a property manager is highly recommended to handle day-to-day operations and leasing.

@Michael Fucillo You are not jumping the gun at all.  16 units is still a lot to manage by hand, and getting a system that makes your day to day easier is going to be key to your own sanity.